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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Post by Nikolaion Jul 28, 2009 9:55am
219 Views
Post# 16171278

Thresh, the permit answers

Thresh, the permit answersare with these guys. The telephone numbers and email addresses are found within the below link, and there is a main email located at the bottom of the their web page.

If anyone speaks Spanish and has a favorable rate international calling plan, perhaps DINAMI can explain what their problems are and why the ministry is failing to provide what business refers to as "quick hits." In other words some permits, like the small explorers should be dealt with quickly, because they are no brainers and important to the long-term success of mining in Ecuador as they feed the larger projects.

Ecuador wants to concentrate on the larger projects but they should be advancing everything. They could issue dozens of permits per week if they put their minds to it.

The fact that DINAMI failed to update its site with the 2009 Mining Law speaks volumes!

If anyone writes it might be best to translate the query into Spanish (Latin American) preferably along with your original questions/concerns/comments as there's no telling if the recipient understand French, German, etc.

https://www.mineriaecuador.com/Paginas/estructura.html

(easy translation site, https://www.freetranslation.com/)
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